Nov 222014
 November 22, 2014
Congressional Report On The Federal Government Taxing Marijuana

By Allen St. Pierre, NORML Executive Director The Congressional Research Service (CRS) released a comprehensive thirty five-page report last week examining the federal government establishing a wholesale excise tax on the production and sale of cannabis-related products. In what is one of the most comprehensive policy and fiscal reviews to date of how cannabis can be taxed and regulated numerous areas of consideration were reviewed including enforcement, discouraging youth use, choosing the base to tax (i.e., weight, potency and price), restrictions, labeling, measurement, special tax rates, home production and medical […]

Nov 212014
 November 21, 2014
Legal Marijuana Tax Revenue Higher Than Predicted In Washington

The Washington legal recreational marijuana industry got off to a late start, and is still wracked with issues, but is getting bigger and better everyday. New projections are out about marijuana tax revenues in Washington, and they are higher than expected. Per the Huffington Post: The most recent revenue forecast released by the Economic and Revenue Forecast Council shows that the industry is expected to bring in more than $694 million in state revenue through the middle of 2019. A previous forecast in September had that projection at about $636 […]

Nov 182014
 November 18, 2014
The Marijuana Industry Needs To Do A Better Job Of Supporting Marijuana Reform

Something that has always bothered me, and that I’ve always been very vocal about, is that too many marijuana business owners and executives don’t do enough to support marijuana reform. They make large sums of money, but when they are asked to donate to the cause they act like they don’t have a dime to their name. Why is that? I’ve always pointed out that marijuana businesses should support reform in any way that they can mainly because it’s the right thing to do. And if being noble doesn’t fit […]

Nov 182014
 November 18, 2014
Colorado Marijuana Edible Rules Will Be A Hot Topic Next Legislative Session

A meeting was held yesterday in Colorado to try to determine new rules for marijuana edibles. That meeting didn’t result in anything meaningful, and the group tasked with creating new regulations decided to instead offer up various recommendations to the Colorado Legislature. Per the Denver Post: Colorado’s first attempt at better regulating edible marijuana products ended in discord Monday when a working group on the issue adjourned without reaching a consensus. Instead, the working group — which had been meeting for months — decided to submit more than a dozen […]

Nov 182014
 November 18, 2014
Washington Marijuana Auction Brings In $600,000

The State of Washington held it’s first marijuana auction, which is the first of it’s kind from what I can tell. A marijuana grower harvested over 300 pounds of marijuana and put it up for auction. The auction was only open to the media and and licensed marijuana processors and retailers. While the auction didn’t bring in as much as some had predicted, it still brought in a significant amount of cash. Per the Tri City Herald: About 300 pounds of dried flower with names like Girl Scout Cookies, One […]

Nov 162014
 November 16, 2014
Tobacco, Pharma, And Alcohol Companies Plan To Enter The Marijuana Industry

For many decades now, marijuana activists have pointed out that marijuana is safer than tobacco, pharmaceuticals, and alcohol. We have always been quick to point out that those products kill people, that marijuana is a much safer alternative, and that those industries have no place in the marijuana industry. We have all speculated that tobacco, pharmaceutical, and alcohol companies will likely try to get a piece of the marijuana industry pie. This week, we got some confirmation that it appears our speculations are true, and that those industries have their […]

Nov 142014
 November 14, 2014
Washington State To Hold First Ever Marijuana Auction

There are auctions for cars. There are auctions for antiques. There are auctions for livestock. Now, in Washington State, there are also auctions for marijuana. As far as I know, there has never been a state sanctioned auction for marijuana. Usually growers just bring it into a store or dispensary and sell it. But, it appears that the State of Washington is taking a new approach, at least in this instance. Per Oregon Live: Hundreds of pounds of Blue Dream, Blueberry Purple Kush, One Armed Bandit and other popular pot […]

Nov 132014
 November 13, 2014
Colorado Marijuana Sales Down Slightly In September

Legal recreational marijuana sales started in Colorado at the beginning of this year. Sales kept climbing and climbing until September, which saw the first decline in sales. The decline was minor, and is likely related to the fact that September was a slow tourist month for Colorado. According to the Colorado Department of Revenue, there were $31.6 million in recreational marijuana sales and $32.4 million in medical marijuana sales in September. That still brought in a lot of tax revenue. Per CNN: Colorado brought in $7.2 million in taxes and fees from […]

Nov 122014
 November 12, 2014
When Will Legal Recreational Marijuana Sales Start In Alaska?

Alaska became the fourth state to legalize marijuana when voters approved an initiative on Election Day 2014. Alaska joined Oregon, which also legalized marijuana earlier on Election Day 2014, along with Colorado and Washington. The logical question that is being asked is, ‘when do legal marijuana sales start?’ Marijuana Business Daily gives a great breakdown: Election results probably won’t be certified until about Nov. 28 after the remaining 40,000 ballots are counted and legalization is confirmed, according to KTUU news in Anchorage. Once that happens, it will take another 90 […]

Nov 082014
 November 8, 2014
National Cannabis Industry Association Congratulates  Alaska, DC, And Oregon

From earlier this week: The National Cannabis Industry Association (NCIA) tonight congratulated the voters of Oregon and Alaska for choosing to take a smarter approach to marijuana by creating legal, taxed, and regulated access to cannabis for adults. NCIA also celebrated the victory of Washington, D.C.’s decisive support of legalization for adult use. “Voters in Oregon and Alaska have wisely rejected the failed policies of prohibition, and now they’ll reap the benefits of a legal, taxed, and regulated market for marijuana,” said NCIA executive director Aaron Smith. “That means safe […]